Leif Thorwaldsson takes over as PartnerTech CEO

Leif Thorwaldsson takes over as PartnerTech CEO 

Rune Glavare has decided to leave his position as PartnerTech President and CEO.
The Board of Directors has replaced him with Leif Thorwaldsson, currently
manager of the Solid Wood business area at Swedwood AB. Until Leif Thorwaldsson
can take over his new position Rune Glavare will remain President and CEO.

"Rune Glavare has carried out extensive change and restructuring in the
PartnerTech Group over the past 2½ years," says Board Chairman Patrik
Tigerschiöld. "His contributions have been exceptional, while his knowledge and
experience of the contract manufacturing industry have been tremendously useful.
Under his leadership, the group has improved its performance and productivity,
creating a platform of clearly defined market areas, an efficient industrial
structure and an attractive customer offering to build on."

Leif Thorwaldsson (age 51) is current manager of the Solid Wood business area at
Swedwood, an IKEA subsidiary that specializes in the manufacture and
distribution of wood-based furniture and kitchens. Among his previous positions
were as CEO and Managing Director of the CPT Group in the graphic logistics and
IT industry, as well as a number of different responsibilities at the Cardo
Group. He holds an engineering degree from Chalmers University of Technology.

“Leif Thorwaldsson has long led and managed units whose core activities include
production and related issues," says Mr. Tigerschiöld. "He is highly business
oriented and has demonstrated great knowledge and wisdom when it comes to
customer value and satisfaction. The Board is firmly convinced that he is the
right person to guide PartnerTech through the challenges and opportunities
facing us."

For additional information, please call: 
Patrik Tigerschiöld, Chairman of the Board, PartnerTech AB, +46 8 614 00 20
Rune Glavare, President and CEO, PartnerTech AB, +46 (0) 706 20 24 54
Leif Thorwaldssson, newly appointed President & CEO PartnerTech AB, +46 (0) 758
32 650

PartnerTech develops and manufactures products under contract for leading
companies, primarily in Defense and Maritime, Industry, Information Technology,
MedTech and Instrumentation, CleanTech and Point of Sale Applications. With
upwards of 1,300 employees at its plants in Sweden, Norway, Finland, Poland, the
UK, the United States and China, PartnerTech reports annual sales of more than
SEK 2 billion. PartnerTech AB (www.partnertech.com), the parent company, has its
head office in Vellinge, Sweden and is listed on the OMX Nordic Exchange
Stockholm.

The above disclosures have been sent to the Swedish Financial Supervisory
Authority (Finansinspektionen).